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Penix Schwarzzenheimer
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Posted - 2008.02.02 19:37:00 -
[91]
 Originally by: Angel DeMorphis
One thing: You are an idiot. I highlighted the reasons why. If there is deflation in the economy, that means ISK is worth more, not less. Therefore, the value of the ISK is up, since because prices are down I can buy more with the same amount of ISK.
Um...no. Nice try, kid, but no.
Currency inflation makes the value of the currency go down. This makes the prices deflate. If prices become deflated, this means that they go down.
Price deflation means that the prices are deflating, meaning, getting lower. That can be caused my several things, including currency inflation.
Please understand basic English before you call people an idiot, or else you look like a real nitwit.
For example, just now. |
Akita T
Caldari Navy Volunteer Task Force
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Posted - 2008.02.02 19:44:00 -
[92]
Originally by: Penix Schwarzzenheimer
Originally by: Angel DeMorphis
One thing: You are an idiot. I highlighted the reasons why. If there is deflation in the economy, that means ISK is worth more, not less. Therefore, the value of the ISK is up, since because prices are down I can buy more with the same amount of ISK.
Um...no. Nice try, kid, but no.
Currency inflation makes the value of the currency go down. This makes the prices deflate. If prices become deflated, this means that they go down.
Price deflation means that the prices are deflating, meaning, getting lower. That can be caused my several things, including currency inflation.
Please understand basic English before you call people an idiot, or else you look like a real nitwit.
For example, just now.
*cough* pot, kettle, black *ahem*
Example ?
Say today a shoe is worth 100$.
Tomorrow, INFLATION !
Shoe is now worth 200$, or 1000$, or whatever.
Prices go UP when there's inflation.
Value of money goes down.
Deflation ?
Price goes back down to 100$
Value of money goes back up.
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Penix Schwarzzenheimer
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Posted - 2008.02.02 19:51:00 -
[93]
Maybe you had trouble understanding my post, which is understandable if you just skimmed it or are from a non-English speaking country (both of which aren't uncommon).
You're talking about currency inflation. Currency inflation causes price deflation.
We're talking about PRICE deflation, not CURRENCY deflation.
Is this explanation any better? |
Akita T
Caldari Navy Volunteer Task Force
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Posted - 2008.02.02 20:01:00 -
[94]
Edited by: Akita T on 02/02/2008 20:01:47
Originally by: Penix Schwarzzenheimer
Maybe you had trouble understanding my post, which is understandable if you just skimmed it or are from a non-English speaking country (both of which aren't uncommon).
You're talking about currency inflation. Currency inflation causes price deflation.
We're talking about PRICE deflation, not CURRENCY deflation.
Is this explanation any better?
No, this explanation is not any better.
I have yet to hear of anybody talking about "inflation" and not refering to an increase in prices due to currency devaluation.
P.S. Anybody except you, that is, since you just did.
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Cambarus
The Baros Syndicate
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Posted - 2008.02.02 20:02:00 -
[95]
Originally by: Penix Schwarzzenheimer
Maybe you had trouble understanding my post, which is understandable if you just skimmed it or are from a non-English speaking country (both of which aren't uncommon).
You're talking about currency inflation. Currency inflation causes price deflation.
We're talking about PRICE deflation, not CURRENCY deflation.
Is this explanation any better?
In about a week you're going to look back at your posts and wonder WTF you were on.
Inflation typically refers to the price of goods/services, but even in your case:
Currency inflation = more currency = more currency needed to buy goods = prices go up = price INFLATION
Please resize image to a maximum of 400 x 120, not exceeding 24000 bytes, ty. If you would like further details please mail [email protected] ~Saint |
Valan
The Fated
Interstellar Alcohol Conglomerate
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Posted - 2008.02.02 21:48:00 -
[96]
Semantics aside.
What the guy means is the same as I stated above.
The ratters and 0.0 complex runners income remains the same rats don't go down in value. I used to buy a cruiser at 6 mill, thats 6 x 1 mill rats. Now I buy 2 cruisers at 3 mill thats still 6 x 1 mill rats.
For the empire free minerals mining crew their income goes down becuase they think minerals are free. So now they have to mine twice as long to build two ships to get just under the same profit due to overheads.
I can sit in the same belt as the free minerals guy and mine the same amount. He builds a ship with it, I sell my minerals. I buy his ship and have money left over for the same amount of work.
Apparently this makes me stupid.
But I'm happy and free minerals guy is happy its all good.
/start sig
I love old characters that post 'I've beeen playing the game four years' when I know their account has been sold on.
/end sig |
Guillame Herschel
Gallente
Cheers Restaurant and Bar
Coalition Of Empires
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Posted - 2008.02.02 22:31:00 -
[97]
Originally by: Ceanthar Cerbera
I can understand why people arent complaining since everything is dirt cheap. And sure I like the fact that I can buy a ship for less than the minerals its worth. But you have to agreee that something is very wrong when I can earn money by buying ships, reprocess them and sell the minerals for profit?!
Ships on the market today could have been built last month when prices for minerals were lower.
Quote:
Im not sure what exactly is the problem,
It's as simple as what I just said.
-- Guile can always trump hardware -- |
Panta Shay
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Posted - 2008.02.03 04:50:00 -
[98]
I don't really think there is a serious problem with the economy, but I do have a suggestion that would go some way to reducing people's likelihood of selling below cost. Make an easy way of getting a quote for quick sell value of multiple items, and a quick sell quote on refining and reprocessing items. This would save labor and calculations letting people have a better feel for the value of what they are producing. It would let me know instantly if I would be better off reprocessing an item/ore or selling it to someone with better skills (or who will be getting a better than quick sell price). This solution has the benefit of not regulating the economy, and being relatively easy to implement.
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Surfin's PlunderBunny
Minmatar
GoonFleet
GoonSwarm
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Posted - 2008.02.03 05:14:00 -
[99]
Market works fine... I got a trade alt that does nothing but destroys the market in whatever region I feel like destroying the market for traders in 
Why do it? Because it's fun and the internet is serious business 
Originally by: Avaricia
look a goon lol
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Keorythe
Caldari
Terra Rosa Militia
Sev3rance
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Posted - 2008.02.03 07:05:00 -
[100]
Originally by: Zaerlorth Maelkor
Get some real life economist to look at the game economy and suggest some regulations that could fix the economy of EVE.
Please leave this thread and take your fail with you.
Laissez faire dude. Just let the market be. Market prices cannot sustain constant growth rates without suffering a downslide when oversaturation occurs. This isn't the first hiccup the economy has had (think new drone regions affect recently) nor will it be the last.
If industrialists can't learn to diversify their markets then they are doomed to take it in the rear whenever their markets run into a slow growth phase. Right now traders are making a fortunate off of these flipped prices.
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Kessiaan
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Posted - 2008.02.03 07:37:00 -
[101]
The way I see it there's two trends working in opposite directions.
First, there's lots of new ISK being pumped into the economy every day and it's not being taken back out fast enough to balance it out (in terms of average ISK per person). Normally this would cause a lot of inflation, but..
... miners, and especially people brining in Rorquals full of alloys from the drone regions are driving down mineral prices. Lots more people doing exploration means more stuff for invention and lower prices. Lower mineral and invention prices mean skilled industrialists can build for cheaper, thus, sell for cheaper and still make the same amount of ISK.
So the net result is everyone is getting richer as ISK buys more and everyone has more of it. I think the result of people undervaluing their own minerals is being overstated - I know a couple of hardcore industry types who are rolling in ISK even though they sell for cheaper than ever.
Personally I don't mine anymore since moving out to 0.0, except for corp-ops, where certain ice and ore types combined with big gang bonuses and dedicated hauling push the ISK/hour up over what I can make ratting. Kind of a shame really that I spent four months training for Exhumers only to have my Mack and Hulk sit in the ship maint. array 99% of the time.
-----
My in Eve Profile
My BattleClinic Page |
Hannobaal
Gallente
Igneus Auctorita
GoonSwarm
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Posted - 2008.02.03 09:10:00 -
[102]
Originally by: Penix Schwarzzenheimer
Maybe you had trouble understanding my post, which is understandable if you just skimmed it or are from a non-English speaking country (both of which aren't uncommon).
You're talking about currency inflation. Currency inflation causes price deflation.
We're talking about PRICE deflation, not CURRENCY deflation.
Is this explanation any better?
Are you Yaay's alt, by any chance?
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